Saxo Bank: Cryptocurrency sell-off intensifies as ETF outflows surge.

Saxo Bank strategists say the cryptocurrency sell-off is accelerating as nearly $900 million flows out of spot Bitcoin ETFs, with the iShares Bitcoin Trust experiencing the most significant outflows. The iShares Ethereum ETF also continues to weaken. Uncertainty surrounding Federal Reserve policy, mixed US employment data, and reduced market liquidity have further exacerbated the selling pressure in the crypto market.